Delta Air Lines to raise more than USD688 million by selling aircraft backed notes

Delta Air Lines reportedly plans to raise more than USD688 million by sale and leaseback 27 aircraft (Washington Post, 24-Nov-2009). The issuance will reportedly be for USD568.8 million of Class A certificates with an interest rate of 7.75% per annum and USD119.9 million of Class B certificates with an interest rate of 9.75% per annum.